Central Bank Policy Divergence Greater Than Ever, Says Economist Lee

The transcript discusses recent actions by major central banks, including the BOJ, Fed, and ECB, highlighting their divergent monetary policies. The Fed is more hawkish, while the ECB is unexpectedly dovish, raising concerns about the European economy's recovery and inflation targets. The discussion also touches on the implications for currencies and the potential need for future economic stimulus if the recovery falters.

What does the text suggest about the European economy's ability to recover and meet inflation targets?

What are the potential consequences of ending QE now as discussed in the text?